2324 W Pierce Street Carlsbad, NM 88220

Building Details

Year Built

1990

Listing office Dunagan Associates

Listing date May 22, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

This Carlsbad investment opportunity features two commercial buildings totaling 19,628 square feet. Both buildings are secured with newly executed triple net (NNN) leases that include annual rental increases. The 8,428 square foot office building is well-appointed with a professional lobby, a full kitchen, two sets of restrooms, 24 private offices, four large conference rooms, and multiple storage areas. It is ideal for administrative or corporate use. The adjacent 11,200 square foot building functions as a climate-controlled medical warehouse, offering specialized infrastructure for long-term tenant retention. Both properties have been updated and offer ample on-site parking, enhancing tenant satisfaction and usability. This asset presents a blend of in-place income, quality improvements, and long-term lease security in a high-demand commercial corridor.

Key Highlights

• Immediate, stable cash flow from newly executed triple net (NNN) leases with annual rental increases.
• Approximately 9% cap rate.
• Two commercial buildings totaling 19,628 square feet in Carlsbad.

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FAQs

What type of property is this?

Mixed-use property - Two commercial buildings with NNN leases and rental increases.

Where is this mixed-use property located?

The property is located at 2324 W Pierce Street Carlsbad, NM.

What is the asking price?

The asking price for this property is $4,140,000.

What are key features of this property?

This property features: Immediate, stable cash flow from newly executed triple net (NNN) leases with annual rental increases.; Approximately 9% cap rate.; Two commercial buildings totaling 19,628 square feet in Carlsbad.